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Paulson and Bernanke push Congress on bailout

Tue Sep 23, 2008 8:50am EDT
Federal Reserve Chairman Ben Bernanke speaks at the 2008 National Historically Black Colleges and Universities Week Conference in Washington September 9, 2008. REUTERS/Jason Reed



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U.S. pay czar caps more salaries at bailed out firms

WASHINGTON/NEW YORK (Reuters) - The U.S. pay czar on Friday expanded a crackdown on pay packages at four companies rescued with taxpayer money, limiting most cash salaries at $500,000 for a second tier of top earners.

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